- Trading Screen Product Name
- Silver Daily Futures
- Trading Screen Hub Name
- ICUS
- Contract Symbol
HIO
- Contract Size
5,000 fine troy ounces
- Price Quotation
US Dollars and cents per fine troy ounce
- Eligible Contract Dates
London Business Days on which commercial banks are generally open
for business in New York
- Minimum Price Fluctuation
One half cent ($0.00500) per fine troy ounce ($25.00 per contract)
except that Block and EFRP trades may be executed at $0.00001 per
fine troy ounce ($0.05 per contract)
- Settlement
Physical Delivery
- Delivery Locations
Vaults in London operated by an LPMCL member which provides
vaulting services for silver.
- Grade/Standards/Quality
Silver meeting the specification standards published by the LBMA
for silver bars that are acceptable in settlement of unallocated
loco London silver transactions, as revised from time to time.
- Daily Price Limit
None
- Listing Cycle
Up to 70 Eligible Contract Dates.
- Last Trading Day
The London Business Day prior to the Contract Date; trading in the
expiring Contract Date ends at noon London time on LTD.
- First Notice Day
The London Business Day prior to the Contract Date.
- Off Exchange Trade Types
EFP, EFS and Block Trades permitted
- Block Trade Minimum
5 lots
- Fees
Screen, EFRP and Crossing Order Trades: $1.00 per side
Block Trades: $1.10 per side
- Daily Settlement
13:24 to 13:25 pm NY time
- Position Limit
10,000 lots in any month/all months combined
- MIC Code
- IFUS
- Clearing Venues
- ICUS